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us stock market, stock recommendation
Begin part 2 of 2
We apologize for the delay in part 2. We experienced a crash that corrupted our data, and we had to rebuild.
THE PLAYS
Good moves Thursday: AMMD; CAND; DECK; JAKK; PMCS
NEW PLAYS:
Upside:
Play Date: 09/16/2004
TXN (Texas Instruments--$21.59; -0.26; optionable): Semiconductors.
http://biz.yahoo.com/p/t/txn.html
After Hours: $22.19
STATUS: Test 50 day EMA (21.03). A semiconductor, and it did say things were not all that great, but it shot higher on the news, breaking through its down trendline and the 50 day EMA (21.03) in the process. Strong volume on the move, and it has spent the past two sessions easing back on very low, below average volume. After the close Thursday it announced a billion dollar stock buy back. In a very good position to rally toward the 200 day SMA (26.29), and a very good risk/reward position.
Volume: 11.295M Avg Volume: 14.42M
BUY POINT: $22.12 Volume=2M Target=$26 Stop=$21.86
POSITION: TXN AT - Jan. $22.50c (54 delta) &/or Stock
http://www.investmenthouse.com/ct/txn.html
Play Date: 09/16/2004
FLS (Flowserve--$24.17; +0.36; optionable): Diversified machinery
http://biz.yahoo.com/p/f/fls.html
STATUS: Cup w/handle. Trying to make the breakout from the handle of its 11 week base. Volume barely moved, however, something that will have to change as it continues the move. Solid 3 to 1 accumulation in the base shows net buyers, and money flow is surging higher ahead of price. Nice, easy pullback to form the handle over the 10 day EMA (23.72), and now we just want to see the volume come in as it rallies.
Volume: 116.9K Avg Volume: 297.42K
BUY POINT: $24.44 Volume=415K Target=$28.48 Stop=$23.62
POSITION: FLS BE - Feb. $25c (45 delta) &/or Stock
http://www.investmenthouse.com/ct/fls.html
Play Date: 09/16/2004
BEIQ (BEI Technologies--$27.26; -0.12; optionable): Scientific & Technical Instruments
http://biz.yahoo.com/p/b/beiq.html
STATUS: Cup w/handle. Nice 12 week base formed over the 200 day SMA (23.40), using that key support as the bottom of the base. It is setting up for a new breakout that carries the stock to an all-time high. It has spent this month moving lower and laterally over the 50 day EMA (26.57) on low volume, shaking out the last sellers. Solid 4 to 2 accumulation in the pattern shows net buyers. Volume jumped Thursday as BEIQ showed a nice doji on the 18 day EMA. Ready to make the breakout; just needs to show us the volume when it makes the move.
Volume: 92.308K Avg Volume: 138.627K
BUY POINT: $28.24 Volume=208K Target=$33.22 Stop=$27.55
POSITION: GEU BE - Feb. $25c (73 delta) &/or Stock
http://www.investmenthouse.com/ct/beiq.html
CONTINUING PLAY TABLE:
* * SPREADSHEET DOWNLOAD * * *
The following link is to a spreadsheet download of the continuing play table. It will allow subscribers to sort the data for your personal investment use. This is a service to our subscribers only, and no other use of the information is authorized. Simply click on the link, enter your username and password, and download the spreadsheet!
http://www.technicaltraders.com/ttr/table.php
You will need your password. If you need help click on this link and our automated system will email it to you immediately once you fill in your email address:
http://www.investmenthouse.com/rescue/rescue.php3
LEGEND
DATE: date play first appeared on report.
PLAY: Denotes the type of pattern or play.
Upside play types: Asc Tri=Ascending triangle/wedge; BO=Breakout; Cup=Cup base; Cup hdl=Cup w/handle; DB hdl=Double bottom w/handle; Dbl btm=Double bottom; Flat=Flat base; FlyPlat=Flying Plateau; Pennant=Pennant; Rv H&S=Reverse head & shoulders; Saucer=Saucer base; Test 18=Testing 18 day MVA; Test 50=Testing 50 day MVA; Test BO=Testing the breakout (could be 10 day MVA test, etc.)
Downside play types: CCall=Covered Call; Dsc Tri=Descending triangle/wedge; Dbl Top=Double top; H&S=Head & shoulders; Put (generic downside);
PIVOT=Buy point
Tgt=Target stock price for the play. Applies to stock and options.
Vol=Volume for the most recent session.
TgtV=Target volume to enter the play.
Stop=Stop advisory point. This is advisory and we may or may not exit a play if it hits this level depending upon market conditions.
Upside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AGYS 08/14 Test BO 16.48 +0.03 15.16 17.84 371K 276K 15.67
Current.
AMMD 09/14 DB hdl 34.52 +0.77 33.64 38.25 672K 250K 32.89
Current.
BDX 09/13 Cup hdl 51 -0.37 51.25 57 570K 1.5M 50.14
Buy Not Issued.
CAND 09/09 Flat 3.55 +0.16 3.15 4 382K 277K 3.15
Current.
CHTT 08/27 Cup 32.74 +0.54 30.35 34.72 120K 258K 30.98
Current.
CSAR 08/26 Test BO 16.81 +0.23 16.55 19.38 79K 175K 16.45
Current.
CSAR 08/16 Test BO 16.81 +0.23 15.21 17.72 79K 175K 16.45
Current.
DECK 08/18 Asc Tri 34.38 +1.28 31.54 36.55 306K 550K 31.25
Current.
DRAX 08/28 Cup hdl 4.74 +0.06 4.92 5.88 44K 226K 4.65
Buy Not Issued.
DRS 09/08 Flat 38.35 +0.99 37.88 43 310K 546K 36.67
Buy Not Issued.
EMR 09/13 Cup 62.69 +0.24 64.32 68 856K 1.2M 63.48
Buy Not Hit.
EXBD 08/28 Test BO 59.01 +0.06 58.69 63.58 310K 250K 58.48
Current.
FFIV 09/15 Test 20 29.8 +0.83 29.88 34.45 633K 1.3M 28.15
Buy Not Issued.
JAKK 09/01 Flat 22.47 +0.55 21.07 24.18 492K 474K 21.32
Current.
KMRT 08/18 Dbl btm 88.27 +0.22 80.22 92 1.7M 3.6M 87.88
Current.
MDCC 08/31 Test 18 24.25 -0.14 23.93 26.95 99K 300K 23.38
Current.
NCOG 09/09 Cup 26.27 +0.16 26.32 30 311K 235K 25.65
Buy Not Issued.
NUS 08/11 Test BO 26.6 -0.03 27.05 31 252K 475K 26.38
Buy Not Issued.
OIS 09/15 Test BO 17.7 +0.02 17.86 21 129K 290K 17.28
Buy Not Hit.
QCOM 09/02 FlyPlat 40.4 -0.17 38.82 45 13M 11M 38.88
Current.
STLD 09/07 BO 36.94 +0.42 34.62 39 655K 750K 35.92
Current.
TDS 08/02 FlyPlat 83.1 +0.21 77.46 82.38 97K 265K 82.48
Current.
UTHR 09/02 Test 18 33.03 +0.17 31.12 35.35 371K 650K 30.42
Buy Not Issued.
VRNT 09/04 Dbl btm 35.05 -0.06 33.58 38.36 56K 216K 33.98
Current.
WCN 09/11 Test BO 30.53 +0.35 30.48 34 131K 350K 29.55
Buy Not Issued.
WSO 09/07 DB hdl 29.9 +0.11 30.08 34.94 32K 150K 29.24
Current.
YHOO 09/02 Cup 32.79 -0.11 32.48 36 23M 25M 31.98
Current.
ZBRA 08/25 Dbl btm 59.54 +0.74 56.45 60 136K 425K 58.45
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACDO 09/09 Put 24.9 +0.39 23.88 21.75 644K 1.1M 24.22
Buy Not Issued.
AGN 09/11 Put 75.75 +0.16 73.73 71.48 499K 950K 74.38
Current.
AMSG 08/28 Put 22.1 -0.2 22.35 20.55 217K 300K 22.58
Current.
BBOX 09/15 Put 38.23 +0.53 37.48 35.24 107K 175K 37.82
Buy Not Hit.
ERTS 09/14 Put 48.18 +0.69 47.57 45.45 4.1M 3.5M 47.89
Buy Not Issued.
HIG 09/11 Put 63.05 +0.6 61.24 58.78 1.4M 2M 61.65
Buy Not Hit.
MXIM 09/13 Put 41.82 +0.41 41.82 39.85 4.5M 8.5M 42.34
Current.
PMCS 09/15 Put 9.25 -0.16 9.32 8.05 6.1M 6.5M 9.57
Entered today.
PXD 09/13 Put 31.55 -0.04 31.68 29.72 832K 1.2M 32.52
Current.
RHAT 09/15 Put 15.18 +0.14 14.92 13.38 2.7M 7M 15.32
Buy Not Hit.
TEVA 08/21 Put 27.87 -0.27 27.34 25.35 2.8M 4.5M 26.88
Good Investing!
Jon L. Johnson and your Technical Traders Report Team
All of the foregoing is commentary for informational purposes only. All statements and expressions are the opinion of Online Investment Services, LP. or its paid consultants and are not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on our related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolio of Partners in Online Investment Services, LP. or its paid consultants may, in some instances, include securities mentioned herein and on our web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors.
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